Are you looking for a high-yield investment with significant appreciation potential? If so, this building with four independent units is the perfect opportunity for you.
Currently leased for €3,984 per year, this property has been generating consistent and predictable income since 1966, offering an attractive return on investment.
With a price per square meter significantly below market value, this building represents an excellent opportunity for acquisition at a competitive price.
The current rents are as follows:
- Rua do Cruzeiro 98 – 1st Floor Right and Left: €960/year – Tenant aged 85
- Rua do Cruzeiro 94: €1,200/year – Tenants aged 68 and 75
- Rua Afonso Henriques 3156 (Commercial Lease): €1,824/year
The four independent units provide various possibilities for exploration:
- Maintain Current Leases and Maximize Income
- Renovate the Building to Increase Future Rental Value
It’s essential to note that the building is not currently legalized, and the municipality has a detailed plan for the area where it is not included. However, this intention has persisted for decades without realization.
If you’re seeking a profitable investment with appreciation potential, this building is your ideal opportunity.
The owners will consider all proposals above €49,900, and property visits will take place on July 2nd (between 10:00 and 11:00 AM) and July 3rd (between 3:00 and 4:00 PM). The online proposal opening will occur at 12:00 PM on July 4th.
In case the owners deem the conditions unsuitable for accepting any proposals, they may request counterproposals from all attendees.
Feel free to reach out if you have any further questions or need additional information! ??